Results 9,821-9,840 of 27,945 for speaker:Michael McGrath

Written Answers — Department of Finance: Financial Services and Pensions Ombudsman (27 Nov 2018)

Michael McGrath: 179. To ask the Minister for Finance the funding provided to the Financial Services and Pensions Ombudsman in each of the years 2015 to 2017 and to date in 2018; the planned funding in 2019; and if he will make a statement on the matter. [49474/18]

Written Answers — Department of Public Expenditure and Reform: Flood Relief Schemes (27 Nov 2018)

Michael McGrath: 182. To ask the Minister for Public Expenditure and Reform further to Parliamentary Question No. 89 of 26 April 2018, if he will provide a detailed update on plans for a flood relief scheme (details supplied) in County Cork; the funding committed; the steps in the process; the timeline for the completion of the project; and if he will make a statement on the matter. [49434/18]

Written Answers — Department of Education and Skills: Schools Building Projects Status (27 Nov 2018)

Michael McGrath: 280. To ask the Minister for Education and Skills the status of the tendering procedure for the main construction contract for an education project (details supplied) in County Cork; when the main building contractor is expected to be on site; if the new facilities will be completed for the commencement of the 2020-2021 school year in order to allow schools to plan properly for maximum pupil...

Written Answers — Department of Communications, Climate Action and Environment: Broadband Service Provision (27 Nov 2018)

Michael McGrath: 488. To ask the Minister for Communications, Climate Action and Environment the status of including relevant coverage statistics for broadband provision in a village (details supplied) in County Cork; and if he will make a statement on the matter. [48954/18]

Written Answers — Department of Communications, Climate Action and Environment: Waste Management (27 Nov 2018)

Michael McGrath: 497. To ask the Minister for Communications, Climate Action and Environment the position regarding the next review of the national waste management strategy; and if he will make a statement on the matter. [49405/18]

Consumer Protection (Regulation of Credit Servicing Firms) Bill 2018: Report and Final Stages [Private Members] (22 Nov 2018)

Michael McGrath: I move amendment No. 4:In page 4, line 36, after “interest” to insert “in the securitisation”. As I mentioned earlier, these are technical amendments concerned with wording changes to reflect the securitisation regulation. The Central Bank has been consulted to ensure that they do not give rise to unintended consequences. Amendment No. 4 will add the words "in the...

Consumer Protection (Regulation of Credit Servicing Firms) Bill 2018: Report and Final Stages [Private Members] (22 Nov 2018)

Michael McGrath: I move amendment No. 5:In page 5, line 9, to delete “and ‘sponsor’ ” and substitute “ ‘sponsor’ and ‘original lender’ ”.

Consumer Protection (Regulation of Credit Servicing Firms) Bill 2018: Report and Final Stages [Private Members] (22 Nov 2018)

Michael McGrath: I move amendment No. 6:In page 5, to delete lines 32 to 34 and substitute the following:“(c) the originator, sponsor or original lender of the securitisation is required to retain on an ongoing basis a material net economic interest in the securitisation of not less than 5 per cent;”,”.

Consumer Protection (Regulation of Credit Servicing Firms) Bill 2018: Report and Final Stages [Private Members] (22 Nov 2018)

Michael McGrath: I move amendment No. 7:In page 6, lines 10 to 16, to delete all words from and including “firm” in line 10 down to and including line 16 and substitute the following:“firm, in so far as that business relates to credit servicing within the meaning of paragraph (a), (b)(iii)(IX) or (b)(iii)(X), as the case may be, of the definition of ‘credit servicing’ in...

Consumer Protection (Regulation of Credit Servicing Firms) Bill 2018: Report and Final Stages [Private Members] (22 Nov 2018)

Michael McGrath: I will be brief. I want to put on record our thanks to the Minister for facilitating and supporting the legislation and for making the process as straightforward and efficient as possible. I thank in particular the officials within the Department of Finance. They did a great deal of work on this Bill. They had significant contact with the Central Bank. I know many work-hours went into...

Consumer Protection (Regulation of Credit Servicing Firms) Bill 2018: Report and Final Stages [Private Members] (22 Nov 2018)

Michael McGrath: I move amendment No. 2:In page 4, line 10, to delete “maintaining” and substitute “maintenance of”.

Consumer Protection (Regulation of Credit Servicing Firms) Bill 2018: Report and Final Stages [Private Members] (22 Nov 2018)

Michael McGrath: I move amendment No. 3:In page 4, lines 24 to 26, to delete all words from and including “or” in line 24 down to and including line 26 and substitute the following:“(c) a credit servicing firm taken to be authorised to carry on the business of a credit servicing firm by virtue of subsection (4), or (d) a credit servicing firm referred to in paragraph (b) of section...

Consumer Protection (Regulation of Credit Servicing Firms) Bill 2018: Report and Final Stages [Private Members] (22 Nov 2018)

Michael McGrath: I am sure the Acting Chairman does not want this to develop into a broad discussion but I want to briefly address a few of the points that have been made. First, the Minister referenced the annual report of the Insolvency Service of Ireland. If he looks at the statistics we have so far for the lifetime of the service he will see that there is a problem when it comes to getting proposals...

Consumer Protection (Regulation of Credit Servicing Firms) Bill 2018: Report and Final Stages [Private Members] (22 Nov 2018)

Michael McGrath: I move amendment No. 1:In page 4, line 8, to delete “determining” and substitute “determination of”. I will start with some general remarks on the amendments that I hope will accelerate the process. I welcome the opportunity to contribute on Report Stage of this Fianna Fáil Private Members' Bill. The Bill's purpose is to ensure that loan owners who hold...

Finance Bill 2018: Report Stage (Resumed) (22 Nov 2018)

Michael McGrath: I move amendment No. 41:In page 145, between lines 32 and 33, to insert the following:“The linking of DIRT rate and exit tax rate on life assurance policies 62.The Minister shall, by the end of 2018, prepare and lay before the Oireachtas a report on the breaking of the link between the rate of DIRT and the rate of exit tax from life assurance policies, including the impact of this on...

Finance Bill 2018: Report Stage (Resumed) (22 Nov 2018)

Michael McGrath: This year as in 2018?

Finance Bill 2018: Report Stage (Resumed) (22 Nov 2018)

Michael McGrath: I move amendment No. 42:In page 145, between lines 32 and 33, to insert the following:“Increasing public awareness of certain income tax reliefs 62.The Minister shall, within three months of the passing of this Act, prepare and lay before the Oireachtas a report setting out steps the Revenue intend to take to increase public awareness of certain tax reliefs that may be claimed...

Finance Bill 2018: Report Stage (Resumed) (22 Nov 2018)

Michael McGrath: I will be very brief. I accept that where information is available to Revenue that leads it to conclude that a taxpayer is entitled to a credit or relief and not claiming it, it is provided automatically. Sometimes, however, the relevant information is not available to Revenue. It could be that there has been a change in circumstances, as is very often the case with the home carer credit,...

Finance Bill 2018: Report Stage (Resumed) (22 Nov 2018)

Michael McGrath: I move amendment No. 40:In page 145, between lines 32 and 33, to insert the following:"Withholding Tax on peer to peer lending 62. The Minister shall within three months of the passing of this Act, prepare and lay before the Oireachtas a report on the requirement for companies availing of peer to peer loan finance to withhold tax at 20 per cent of interest paid as required under section...

Finance Bill 2018: Report Stage (Resumed) (22 Nov 2018)

Michael McGrath: The issue is that given the nature of how peer-to-peer lending works the administration of withholding tax makes it virtually impossible for the sector to function. I ask the Minister to afford a degree of urgency to the work that his officials and the Central Bank are doing on this issue. I agree that we need a proper system of regulation. The Minister wants that issue to be dealt with...